%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Ethereum (CRYPTO: $ETH ) has formed a bullish chart pattern that has analysts and investors excited. ETH has formed a cup and handle chart pattern. That pattern shows a rounded bottom after a period of stabilization and a slight downward handle indicating a final decline before a rally. The cup and handle chart pattern has formed after Ethereum's price has fallen 35% since the start of 2026. Chart experts say that the bullish chart pattern suggests a potential bottom for Ethereum followed by a sharp move higher, perhaps as high as $3,000 U.S. Currently trading at $2,140 U.S., Ethereum has steadily declined since hitting an all-time high just shy of $5,000 U.S. last August. But now there appears to be reason for cautious optimism as Ethereum's chart pattern improves after months of negative readouts. The current chart pattern indicates that a breakout to $3,000 U.S. is possible based on calculating the height of the cup with the point at which the pattern would be confirmed. If nothing else, the cup and handle chart signals renewed momentum in Ethereum's price, say chart experts and analysts. The key resistance level to watch with Ethereum is $2,400 U.S. On the lower side, $2,000 U.S. remains a critical support zone for the second largest cryptocurrency after Bitcoin (CRYPTO: $BTC ).